Michael Saylor drängt nun ebenfalls darauf, dass die US-Regierung und ihre Behörden schnellstmöglich auf dem Kryptomarkt Licht ins Dunkel bringen.
XRP price forecast: XRP dips 7% as crypto downturn threatens bulls
- XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90.
- Daily trading volume jumped 28% to $8.2 billion as panic selling spread.
- XRP’s technical outlook suggests further price declines.
Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence.
Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90.
This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains.
Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins.
However, could XRP’s strength see bulls rebound off support to eye new all-time highs?
XRP price – bulls fail to hold $3.00 amid crypto downturn
In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges.
While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold.
Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours.
As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k.
Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans.
Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours.
ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits.
On the other hand, XRP accounted for $41 million, with most of these long positions totalling over $40 million.
A surge in liquidations, particularly, could fade bullish sentiment and allow bears to target lower levels.
The declining open interest, which fell 10% to $7.77 billion, hints at the reduced speculative activity.
Ripple price prediction
XRP’s technical outlook suggests price is revisiting a key support area, highlighted on the chart below.
On the daily chart, the Relative Strength Index (RSI) stands at 48 after retreating from overbought levels, and its dip suggests a potential continuation of the bearish momentum.
Furthermore, the Moving Average Convergence Divergence (MACD) shows a bearish crossover.
The histogram bars forming below the zero line indicate weakening momentum as bears strengthen.
If XRP price breaks below a break below $2.73, bears could accelerate the slide toward the $2.00 psychological support level.
On the flipside, a recovery above $3.00 could signal renewed momentum and allow bulls to target $3.55 and then $4.
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Bitcoin-Kurs schielt wieder auf 119.000 US-Dollar – Treasuries kurbeln an
Der Bitcoin-Kurs konnte am Donnerstag zulegen, was allen voran durch die jüngsten Ankäufe von Treasury-Unternehmen bedingt ist.
Best altcoin to invest in? BPENGU is turning heads with its presale
- Many investors who profited from Pudgy Penguins are now eyeing what’s next—and Bitcoin Penguins is well-positioned to capture that rotation.
- BPENGU’s presale has already raised $1.8 million, climbing through its early stages.
- There are 15 stages in total, and early backers are already staring down massive gains.
Bitcoin closed out July at an all-time monthly high of $115,644, a milestone that speaks volumes about where the crypto market stands today: alive, maturing, and bracing for its next breakout chapter.
Despite a modest 3% dip to start August, the bullish sentiment hasn’t faded.
In fact, it’s moved downstream—towards altcoins, where investors are hunting the next moonshot.
Enter Bitcoin Penguins (BPENGU)—a project that’s not just riding the penguin meta but rewriting it completely.
Just when you thought penguins had peaked…
Pudgy Penguins turned heads, captured hearts, and carved a mutli millon dollar niche out of thin air.
PENGU has already made its mark this cycle, surging 130% over the past month and cementing its position as a leading meme coin.
Bitcoin Penguins is the logical next step—fusing the viral appeal of penguins with native integration into the Bitcoin ecosystem, a combination that remains largely untapped.
Another key bullish case for Bitcoin Penguins is the crypto market’s relentless search for the next breakout.
Many investors who profited from Pudgy Penguins are now eyeing what’s next—and Bitcoin Penguins is well-positioned to capture that rotation.
Born from the frenzy, BPENGU’s creators saw the wave, grabbed a napkin, and sketched out a smarter evolution.
“What if you fused Bitcoin’s brand with Pudgy’s culture?”
The answer: a meme coin with real economic gravity and explosive upside.
$1.8 million raised
The momentum isn’t theoretical. BPENGU’s presale has already raised $1.8 million, climbing through its early stages with a clean 5% price bump at every level.
There are 15 stages in total, and early backers are already staring down massive gains by the time listings go live on September 2.
Simple enough for a smart 12-year-old: every time a stage fills, the price goes up 5%.
No lock-ins, no fuzzy math. Just structured, transparent upside that rewards early believers.
Penguin power meets BTC muscle
Why does this matter now? Because altcoin season is warming up.
Bitcoin dominance is steady, but investors are rotating into low-cap plays with potential for 10x–100x returns.
With staking rewards up to 100% APY, a 1 BTC weekly jackpot, and a retail-first token allocation (only 3% to insiders), BPENGU is checking every box.
It’s more than just a meme—it’s a machine built for virality and velocity.
If you missed Pudgy Penguins, this is your shot at redemption. BPENGU isn’t a clone—it’s the next evolutionary step.
The penguin party’s just getting started, and this time it’s backed by Bitcoin.
The post Best altcoin to invest in? BPENGU is turning heads with its presale appeared first on CoinJournal.
Bitcoin drops to $115K amid third major wave of profit-taking, new tariff tensions
- Bitcoin (BTC) fell 2.3% to ~$115,300, pressured by a third major wave of profit-taking and new US tariffs.
- $6–8 billion in realized gains were recorded in late July, with an “OG whale” selling 80,000 BTC on July 25.
- New tariff tensions, including measures targeting Canada, have rattled broader risk assets, including crypto.
Bitcoin is poised to end the trading week in Asia on a weaker note, down 2.3% on the day and changing hands above the $115,300 mark.
The leading cryptocurrency is grappling with a combination of renewed tariff pressure from the White House and a significant wave of profit-taking, following its historic run to new all-time highs.
According to a new report by on-chain analytics firm CryptoQuant, the Bitcoin market has just experienced its third major profit-taking wave of the 2023–2025 bull cycle.
A substantial $6–8 billion in realized gains were recorded in late July, indicating a significant number of investors chose to cash in on the recent price surge.
Like the previous two phases of profit-taking in this cycle, this latest wave was defined by large spikes in the Spent Output Profit Ratio (SOPR), a metric that indicates whether coins being sold are in profit or loss. This was particularly evident among short-term holders.
The wave was further intensified by a significant 80,000 BTC sell-off by an “OG whale” (an early, long-time holder) on July 25.
The data provider also noted that “new whale cohorts”—those who have accumulated their Bitcoin within the last 155 days—were the dominant sellers during this period.
In a clear sign of intent to exit positions at what were perceived as peak prices, exchange inflows surged to a massive 70,000 BTC in a single day after the OG whale’s sell-off.
The selling pressure was not confined to Bitcoin alone; Ethereum-based whales holding assets like WBTC (Wrapped Bitcoin), USDT, and USDC also realized up to $40 million in daily profits, further supporting the narrative of a broad-based capital rotation out of some positions.
Historically, these major profit-taking events have been followed by a two- to four-month period of market consolidation before the next major leg higher, CryptoQuant wrote in its report.
That very pattern may be playing out again, particularly as appetite from US investors appears to be waning. The Coinbase premium, a key indicator that tracks the price difference between Coinbase and other global exchanges, has recently flipped negative.
This suggests that American buyers are no longer willing to pay a premium for Bitcoin, a sign of cooling demand in a crucial market.
Tariff jitters return, adding to market pressure
Adding to this cautious internal market dynamic is the re-emergence of macroeconomic risk.
A new round of global tariffs from the White House is dragging down markets in Asia, with Japan’s Nikkei 225 and South Korea’s KOSPI both opening in the red.
Bitcoin, too, is not immune to these pressures. Historically, digital assets have tended to follow equity markets lower when the White House announces new tariffs, and while this correlation has shown signs of weakening, it has not disappeared entirely.
President Trump’s latest tariff escalation, which includes new measures that specifically target Canada, has rattled broader risk assets, with equities, bonds, and crypto all seeing declines amidst fears of renewed inflation and further supply chain disruptions.
Without a clear new macro catalyst or a resurgence of strong, structural inflows, risk-taking in the crypto market is likely to remain selective, with conviction being light. Market maker Enflux, in a note to CoinDesk, echoed this sentiment.
“Until BTC or ETH can post a clean reclaim of recent local highs, price action may stay choppy and rotation thematic rather than trend-driven,” the firm stated, suggesting a period of sideways, volatile trading may lie ahead.
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